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What’s Next for the TPP: Clyde Prestowitz in Conversation with David Dayen

The mammoth trade deal, completed at last, now heads to a divided Congress and a tough election season.

The Yomiuri Shimbun via AP Images
The Yomiuri Shimbun via AP Images Akira Amari (5th from L), Japanese state minister in charge of TPP negotiations, U.S. Trade Representative Michael Froman (6th from L) and delegates from 10 countries attend a joint press conference at a hotel in Atlanta on October 5, 2015, after reaching an agreement on the Trans-Pacific Partnership. C lyde Prestowitz, longtime Far East diplomat and critic, is author of the cover piece in the new fall issue of the Prospect , on the Trans-Pacific Partnership as failed China policy. David Dayen, who has covered a number of economic topics for us, profiled chief trade negotiator Mike Froman, in our summer issue. We asked Prestowitz and Dayen to discuss the recently agreed TPP deal. Prospect: Does the TPP agreement that was just announced improve the deal in any significant respects? Does China have anything to fear from this deal? Prestowitz: To start with your last question, China has absolutely nothing to fear from this deal. Indeed, China may well...

Fixing Obama’s Second Term

AP Photo/Charles Dharapak
(AP Photo/M. Spencer Green) President Barack Obama waves to the crowd at his election night party celebrating his victory over challenger Mitt Romney. I n the president’s first term, a gauntlet of procedural hurdles stood in the way of progressive change. As Majority Leader Harry Reid promises to reform the filibuster—on the magical day when the new Senate convenes and can make new rules—most progressives are wondering whether it’s an end to many of President Barack Obama’s problems. After all, without the constant threat of a filibuster, Senate Democrats wouldn’t have had to scramble for votes from the centrists who watered down health-care legislation and stalled action on climate change in Obama’s first two years, when he had an outright majority in the Senate. But the filibuster was only the most obvious procedural challenge to a more progressive Obama first term. There are other things the president did in his first four years that caused important legislation to sputter and fail...